Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief


Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration

Nov 7 (Reuters) - Binance's ⁠finance chief Kaiser Ng is leaving the company ⁠to pursue another venture, the world's biggest ‌cryptocurrency exchange said days after hackers stole $6.3 billion from the platform in a record heist.

"Kaiser Ng has decided to pursue ​a new venture after more than ⁠five years at Binance, ⁠with a transition plan implemented over the last half ⁠year," ‌Binance Co-Chief Executive Officer Yi He said in a statement on Saturday.

Justin Yek, ⁠a longtime finance executive who was most ​recently vice-president of ‌finance at Airwallex, is taking over as ⁠CFO.

The announcement ​comes just over a week after Binance said hackers stole cryptocurrency in a sophisticated attack that began months ⁠earlier with the compromise of several ​employees' computers.

Binance has said the breach, which unfolded on October 29, started with malware hidden in software ⁠downloads and fake job recruitment efforts targeting engineers. It said it will fully reimburse affected customers.

The FBI has blamed a North Korean hacking group for ​the theft, an allegation Pyongyang has ⁠denied.

Ng has been CFO at Binance since January ​2022 and has previously worked ‌at rival crypto exchange Kraken, ​according to his LinkedIn profile.

(Reporting by Carlos Méndez in Mexico City; Editing by Andrea Ricci)

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